Legal Opinion
Roman Ceramics Corp. v. Peoples National Bank
Court of Appeals for the Third Circuit
Decided August 8, 1983No. 82-3200PublishedCited by 41 opinions
1Opinion of the Court
OPINION OF THE COURT
GARTH, Circuit Judge.
I
The issue presented by this case is whether, under 12A P.S. § 5-114(2)(b), a bank may refuse to honor a draft on a letter of credit, when a condition of the letter of credit is that invoices be submitted and certified as unpaid, and when the bank has been given notice that invoices submitted with the draft have in fact, contrary to the certification, been paid. We hold that, when a document required under the terms and conditions of a letter of credit is an invoice certified not to have been paid, submission of such a certified invoice, when the…
2Cases cited13 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- West v. American Telephone & Telegraph Co.Supreme Court of the United States · 1940
- George S. Krasnov v. Brendan DinanCourt of Appeals for the Third Circuit · 1972
- Easton v. Washington County InsuranceSupreme Court of Pennsylvania · 1957
- Intraworld Industries, Inc. v. Girard Trust BankSupreme Court of Pennsylvania · 1975
8 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- Itek Corporation v. The First National Bank of Boston, Bank Melli IranCourt of Appeals for the First Circuit · 1984
- 3com Corporation v. Banco Do Brasil, S.A.Court of Appeals for the Second Circuit · 1999
- Ground Air Transfer, Inc. D/B/A Charter One v. Westates Airlines, Inc. And Jesse YohananCourt of Appeals for the First Circuit · 1990
- Knop v. McMahanCourt of Appeals for the Third Circuit · 1989
- SOUTHTRUST BANK v. Webb-Stiles Co., Inc.Supreme Court of Alabama · 2005
36 more not listed; retrieve them via the Exa API.